A previous employer recently sent a bunch of us previous employees an e-mail from a lawyer offering to buy out our vested RSUs. The e-mail and document that they sent is worded in such a way to make it sound like it's not optional, which made me suspicious.
Most of my old colleagues decided to just sign it and send it back and cash out. I'm not sure what to do though. I have confirmed that selling off the RSUs is indeed optional as they're past the buy-back period - something like 6 mos. after date of termination they can buy your vested RSUs from you if they want, but since we're way past that, I now have the option to keep them.
This brings up a few questions which I haven't been able to get the company's legal counsel to answer. Not that it's surprising as I know he's representing the company's best interest and not mine.
Is this not suspicious that the company would be doing this? Why all of a sudden offer to buy everyone out? Shouldn't I suspect the value is about to go up and they want to get ahead of that?
If I do decide to keep my vested RSUs, can I cash out whenever I want? Is the company required to keep an updated valuation of my RSUs so I can request to sell them at any point based on that valuation?
What happens if I hold onto them and the company goes public? This is really my major incentive to holding onto them. The company can be considered a tech startup that has grown consistently since it's inception and it's not out of the question they could go public one day or at the very least have venture capitalists invest in the company therefore, I would assume, raising the value of my RSUs.
What to do, what to do... I've spent much time over the past few weeks asking around and scouring the internet for answers, but to no avail. You're my only hope, Reddit.
Submitted September 28, 2018 at 08:53PM by PsychoMaggle https://ift.tt/2OX9NoZ
